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"SolarCity has been able to conceive and prototype new product ideas faster with SeeControl's point-and-click toolset, and we’re excited to see how Autodesk will further develop the platform and integrate the technology"

SAN FRANCISCO--(BUSINESS WIRE)--Autodesk,
Inc. (Nasdaq: ADSK) has signed an agreement to acquire SeeControl, a
San Francisco-based developer of an enterprise Internet of Things (IoT)
cloud service platform. The SeeControl service helps manufacturers and
systems integrators connect, analyze, control, and manage remote
products, things, and assets and create new service revenue
opportunities.

“A new future of making things is emerging, where any built object,
product or environment can be embedded with sensors that can feed
information back into the design process. The acquisition of SeeControl
is the first step on Autodesk’s ongoing efforts to develop new
technologies and solutions that will help our customers leverage the Internet
of Things, starting by enabling them to capture, analyze, and
utilize data from their products. We welcome the SeeControl team and
ecosystem to Autodesk,” said Amar
Hanspal, Autodesk Senior Vice President for Information Modeling and
Platform Products.

Autodesk intends to continue to sell and support the SeeControl platform
and to incorporate the technology into design solutions for the
manufacturing and building industries. Autodesk also plans to develop a
new IoT solution based on the SeeControl technology that will allow
companies to gain real world insights of how their products perform,
enabling customers to explore innovative new service models. This
transaction is subject to customary closing conditions and is expected
to close during Autodesk’s fiscal quarter ending October 31, 2015. Terms
were not disclosed.

"SolarCity has been able to conceive and prototype new product ideas
faster with SeeControl's point-and-click toolset, and we’re excited to
see how Autodesk will further develop the platform and integrate the
technology,” said Ryan Hanley, Senior Director of Grid Engineering
Solutions, SolarCity.

Business Outlook

This transaction is expected to have no impact on Autodesk’s guidance
issued today, August 27, 2015.

Safe Harbor Statement

This press release contains forward-looking statements that involve
risks and uncertainties, including statements regarding: the impact of
the acquisition on Autodesk's guidance issued on August 27, 2015, our
business performance, and product and services offerings; the impact of
the transaction on Autodesk's and SeeControl’s products and services
capabilities, customers, and partners; and Autodesk’s plans to develop
new IoT solutions. Factors that could cause actual results to differ
materially include the following: Autodesk’s ability to timely close the
acquisition of SeeControl and successfully integrate the business; costs
related to the acquisition; whether demand for the IoT grows as
anticipated; the competitive environment in the manufacturing and
building industries and competitive responses to the acquisition;
Autodesk and SeeControl success developing new products or modifying
existing products and the degree to which these gain market acceptance;
general market and business conditions; and unanticipated impact of
accounting for acquisitions. Further information on potential factors
that could affect the financial results of Autodesk are included in the
company's annual report on Form 10-K for the year ended January 31,
2015, and Form 10-Q for the quarter ended April 30, 2015, which are on
file with the Securities and Exchange Commission. Autodesk does not
assume any obligation to update the forward-looking statements provided
to reflect events that occur or circumstances that exist after the date
on which they were made.

About Autodesk

Autodesk helps people imagine, design and create a better world.
Everyone—from design professionals, engineers and architects to digital
artists, students and hobbyists—uses Autodesk software to unlock their
creativity and solve important challenges. For more information visit autodesk.com or
follow @autodesk.